ABN AMRO, the third-largest bank in the Netherlands, has completed a pilot program for on-chain trading of tokenized securities in collaboration with the German digital asset exchange 21X. The trial, announced on January 30, focused on using stablecoins to...
The European Central Bank (ECB) emphasizes the significance of a digital euro by introducing a digital euro project competing with U.S. dollar-backed cryptocurrencies. The project aims to enhance secure payments in the eurozone and reduce reliance on non-European providers...
Taiwan’s Financial Supervisory Commission (FSC) is set to unveil a draft law in June 2025 that will allow local banks to issue stablecoins pegged to the New Taiwan Dollar (TWD). The proposal is part of a broader framework aimed...
A new report from HTX Ventures suggests that stablecoins and Real-World Assets (RWA) are set to bridge the gap between traditional and decentralized finance, potentially transforming the DeFi landscape. The report reveals that the use of stablecoins in blockchain...
AMINA Bank has removed custody fees for its Stablecoin Rewards Account, allowing clients holding USDC to earn quarterly rewards without the burden of traditional banking fees. The Switzerland-based crypto bank claims that the new offering enables individual and business...
Brazilian digital banking giant Nubank has launched a new feature offering a fixed 4% annual return for users holding USD Coin (USDC), Circle’s stablecoin. The initiative, announced on January 14, extends the rewards program to all crypto wallet users...
Ripple has announced the integration of Chainlink Price Feeds to provide verifiable on-chain pricing data for its Ripple USD (RLUSD) stablecoin, marking a significant step in enhancing the utility of RLUSD within decentralized finance (DeFi) ecosystems. The Price Feeds...
DeFi protocol Frax Finance has opened voting on whether to adopt BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as the primary reserve asset for its upcoming stablecoin, Frax USD (frxUSD). The voting period runs from December 27, 2024, to...
Hong Kong's newly proposed stablecoin bill passed its first reading in the city’s Legislative Council today, December 18, 2024. This move brings the city closer to establishing a robust regulatory framework for fiat-backed stablecoin issuers. During the presentation of...
Meta's stablecoin project, Diem (originally launched as Libra in 2019), aimed to revolutionize global payments by creating a decentralized payment network backed by stablecoin reserves. Its promise of seamless, scalable international payments attracted partnerships from major players like Visa...
